BTC is holding below $27,000 amid macro uncertainty

Bitcoin recently traded at $26,362, down 3.1% in the last 24 hours. The largest cryptocurrency by market cap traded in a narrow range before falling below its recent support of $26,500 early Wednesday. Markets are reeling from the ongoing debt ceiling standoff and inflation and crypto-regulatory concerns. The minutes of the Federal Open Market Committee, which show divergent views among US central bankers on further rate hikes, did little to reassure markets – cryptocurrency or otherwise.